What is an indemnity agreement?

Posted Mar. 18

An indemnity agreement is a contractual agreement that serves as a risk transfer mechanism, in which one party is transferring risk to another party. Indemnity is compensation for damages or loss, it may also indicate an exemption from liability for damages. Indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for potential losses or damages caused by the other party. If…

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continental heritage insurance

Why Choose Continental Heritage Insurance Company?

Posted Mar. 18

Specializing in writing insurance products for existing and emerging markets, Continental Heritage Insurance Company has the experience and expertise to meet your insurance needs. Since 1980 Continental Heritage Insurance, a Florida Corporation with offices near Cleveland, OH, has continually evolved to help enhance businesses operating in both established and groundbreaking markets. Continental Heritage provides exceptional customer service. We have a reliable, dedicated, and responsive underwriting team that will work with…

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Ohio Medical Marijuana Control Program Surety Requirements

Posted Mar. 18

Scheduled to be operational on September 8, 2018, the Ohio Medical Marijuana Control Program is responsible for implementing and managing the cultivation, processing, distribution, and use of medical marijuana in Ohio. Under the program all licensees are required to demonstrate financial responsibility by posting a surety bond issued by an authorized surety company or place cash in escrow. The surety bond guarantees that the licensee will operate in a responsible…

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